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London Properties Are Pleased To The Market This Newsagent/convenience Store Has Been Operated By Over Client Since 1987 for Sale

HARROW, Middlesex


2 bedroom

Leasehold : £ 69,950
Turnover : £ 6,500 p.w.

London Properties are pleased to the market this Newsagent/convenience store has been operated by over client since 1987 although we have been advised that there has been a post office and newsagent trading from the same spot for many years. The business therefore has a loyal and regular customer base given the location and continual footfall throughout the day. The mid terrace ground floor lock-up retail unit with store room, kitchenette & WC and would suit a new or existing operator. The interior of the property offers a high specification design and layout and and benefits from a range of storage shelves, large sales counter with cigarette kiosk, open front drinks refrigerators, magazine shelving, confectionary shelving, and greeting cards, CCTV, kitchenette, WC, rear storage cabin & also benefits from a two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum). Internal viewings are highly recommended through London Properties by appointment only.

LOCATION: The premises are prominently located in a parade in a large residential area and situated on Kenton Lane, Kenton, Harrow & also close by are 2 local schools.

DESCRIPTION: Newsagents/conveniences store offers good sized frontage. The mid terrace ground floor lock-up retail unit with store room, kitchenette & WC and would suit a new or existing operator. The interior of the property offers a high specification design and layout and benefits from a range of storage shelves, large sales counter with cigarette kiosk, open front drinks refrigerators, magazine shelving, confectionary shelving, and greeting cards, CCTV, , kitchenette, WC, rear storage cabin & also benefits from a two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum)

BUSINESS: The business has been operated by over client since 1987 although we have been advised that there has been a post office and newsagent trading from the same spot for many years. The business therefore has a loyal and regular customer base given the location and continual footfall throughout the day.

USES: A1/A2

PREMIUM: £69,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: £20,000 per annum & income from the 2 bedroom upper parts is £13,200 per annum.

TERMS: 15 years lease remaining & rent review every 5 years

BUSINESS RATES: £4,750 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s

SIZE: Approximately 602 sq ft

OPENING HOURS: Monday to Friday: 06:00 to 17:30 Saturday: 06:30 to 16:00 Sunday: 06:30 to 14:00

STAFF: Husband & Wife Team

UPPER PARTS: Two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum)

TURNOVER: Current turnover in excess of £338,000 per annum approximately.

ACCOUNTS: Available on request on viewing

LEGAL COST: To be confirmed

LOCAL AUTHORITY: Harrow

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 81- D Rating. A copy of this property’s energy performance certificate is available on request.

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS: Through London Properties by appointment only.


Trading Hours: Monday to Friday: 06:00 to 17:30 Saturday: 06:30 to 16:00 Sunday: 06:30 to 14:00
 
Staffing: Husband & Wife Team
 
Accommodation: Two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum)
 
Tenure: 15 years lease remaining & rent review every 5 years
 
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44 Advert ID 49126    Sellers Ref : HA3 8RP/BSOL

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